Crime rates are much higher in big cities than in either small cities or rural areas, and this situation has been relatively pervasive for several centuries. This paper attempts to explain this connection by using victimization data, evidence from the NLSY on criminal behavior and the Uniform...

Crime rates are much higher in big cities than in either small cities or rural areas, and this situation has been relatively pervasive for several centuries. This paper attempts to explain this connection by using victimization data, evidence from the NLSY on criminal behavior and the Uniform...

There is much evidence against the so-called "too big to fail" hypothesis in the case of bailouts to subnational governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...